What is the due date for HST payments?

The personalized GST/HST return (Form GST34-2) will show your due date at the top of the form. The due date of your return is determined by your reporting period….

Are HST payments still due?

As announced on March 27, 2020, the CRA allowed all businesses to defer, until June 30, 2020, any GST/HST payments or remittances that became owing on or after March 27, 2020, and before July 2020. The deadline for businesses to file their returns is unchanged.

What are the payment dates for GST?

GST/HST credit payment dates

• July 5, 2020 – based on 2019 return.
• October 4, 2020 – based on 2019 return.
• January 5, 2021 – based on 2019 return.
• April 1, 2021 – based on 2019 return.
• July 5, 2021 – based on 2020 return.
• October 5, 2021 – based on 2020 return.

How often is Trillium Benefit paid?

The Ontario Trillium Benefit (OTB) is a refundable tax credit available to low- and moderate-income residents. It combines the Ontario Sales Tax Credit, Ontario Energy and Property Tax Credit, and Northern Ontario Energy Credit into one single payment that is issued monthly or once a year.

Can I pay my HST in installments?

To make your GST/HST instalment payments, use Form RC160, Remittance Voucher – Interim Payments. Another way to make instalment payments electronically is to use My Payment. This service allows you to make payments online from your account at a participating Canadian financial institution.

How often do I pay HST?

These are monthly, quarterly, annually (December 31st year-end) and annually (custom year end). Your HST payment date is determined by which of these filing periods you follow. A monthly reporting period of July 1st to July 31st would have a filing and payment deadline of August 31st.

What is the penalty for late HST filing?

You must file your tax return on time. If you owe money and do not file your return on time, you will be charged a late-filing penalty. This penalty is currently 5% of the outstanding balance owing, plus 1% for each full month that your return is late, up to a maximum of 12 months.

Is GST going in 2021?

GST Increase 2021 The new GST/HST payment period will start in July 2021 and end by June 2022.

What months do you get GST 2020?

When will you get your credit? You will get your annual GST/HST credit, which was calculated using information from your 2020 tax return, in four payments. We will make these payments on July 5 and October 5, 2021 and on January 5 and April 5, 2022.

How much GST refund will I get 2021?

For 2021, the CRA has set the GST refund as follows: Every adult can get an average of $299 if they don’t have significant earnings. On top of this, you can get $157 if you are single. This brings the maximum GST refund for a single to $456.

How much is the Trillium benefit 2020?

$1,095 if you are between 18 and 64 years old. $1,247 if you are over 65 years old. $243 if you live on a reserve or in a public long-term care home. $25 for the time you lived in a designated college, university or private school residence in 2020.

What is the income limit for GST 2020?

The maximum amounts for the 2019-2020 benefit year will double to $886 (from $443) if you’re single and will increase to $1,160 (from $580) if you’re married or living common-law.

When do you get your GST credit in Ontario?

Ontario’s sales tax credit is combined with the Ontario Trillium benefit. Some of the popular questions relating to GST/HST credits are: 1) What are the payment dates for GST? Typically, GST/HST credit payments are made on the fifth day (on or before) of July, October, January and April.

When do I have to pay my GST and HST?

Your payment deadline depends on your GST/HST filing period. Most GST/HST payments are due at the same time as your GST/HST returns. Your payment deadline is different than your filing deadline if you are either: an individual who is an annual filer with a December 31 fiscal year-end and has business income for tax purposes

When does the Canada Revenue Agency pay out the GST?

The Canada Revenue Agency will pay out the GST/HST credit for 2021 on these dates: January 5, 2021 April 1, 2021 July 5, 2021

Who is eligible for the GST / HST credit?

Who is Eligible for GST/HST Credit? You may be eligible to receive the GST/HST credit if you meet any of the following criteria: You are 19 years of age or older You have (or had) a spouse or common-law partner